CIB Credit Sales and Trading Control Officer

Wells Fargo•Charlotte, NC

3d•Hybrid

About The Position

This position is within the CIB Markets Control organization and provides risk management leadership and expertise to the Credit Sales & Trading team. The role leads risk identification, assessment, escalation, and mitigation strategies and performs day-to-day risk and control activities in partnership with front-line business teams. The role supports risk transformation initiatives and serves as the primary point of contact with Control, Independent Risk, and Business Leadership partners. It also provides guidance on applicable bank policies and related risk and control process requirements. The position has a hybrid work schedule at the posted location in Charlotte, North Carolina. Relocation assistance and visa sponsorship are not available.

Requirements

At least 5 years of Risk Management or Control Management experience, or equivalent demonstrated through work experience, training, military experience, or education.
Strong work ethic, enthusiasm, and a deliverables- and performance-oriented approach, with proactive communication and responsiveness to changing demands.
Ability to synthesize data and observations from varied sources, provide concise verbal and written summaries, and respond quickly.

Nice To Haves

Extensive direct front-line experience developing or executing risk and control assessment programs.
Experience in large, complex banking or broker/dealer institutions and risk management leadership in a multi-jurisdictional global financial institution.
Proven experience with the Enterprise Risk Identification process and a track record of building and implementing risk programs.
Direct experience in operational risk reporting and escalation programs.
Extensive knowledge of Target State RCSA, its process, purpose, and scope, and RAU owner roles, responsibilities, accountabilities, and deliverables.
Experience in risk-process improvement, standardization and automation of business and control processes, quality assurance and control routines, and risk and control metrics and reporting.
Strong knowledge of products, services, applicable regulations and policies, business processes, systems, and customers in Credit Sales & Trading.
Substantial knowledge and experience in risk management practices and applicable Wells Fargo systems and applications.
Knowledge of Risk Management Framework concepts and policies across risk types, including regulatory, financial crimes, credit, and operational risk.

Responsibilities

Serve as the primary day-to-day lead coverage officer for Credit Sales & Trading.
Lead the Control team’s risk governance and serve as the escalation point for control issues for aligned business leaders and teams.
Act as a key CIB Control contact for selected senior leaders in Credit Sales & Trading, Independent Risk Management, Internal Audit, regulators, and other constituents on risk and control requirements, performance, and enhancement efforts.
Engage with line-of-business partners on strategy, industry trends, organizational changes, and new or modified markets, systems, products, and services to determine impacts and identify and remediate risks and control issues.
Guide Credit Sales & Trading leaders through risk and control evaluations, metrics collection, supporting observations, and recurring forums that evidence management validation and attestation to RCSA.
Document and assess control weaknesses and operational risk incidents, including through root cause analysis.
Consult with business process owners to develop corrective action plans and redesign controls; oversee implementation progress and conduct control evaluations as needed.
Coordinate with business and support partners to create self-disclosed issues in the Issues Management system of record and record losses as applicable.
Establish and update timely recurring reports on risks, initiatives, and deliverables for business leaders and risk partners.
Plan and coordinate examinations and reviews with business contacts and internal testing and examination teams, including Independent Testing and Validation, Internal Audit, and regulatory exam teams.
Develop business cases for additional or improved controls and provide operational risk expertise and consulting to projects and platform initiatives, considering impacts to the risk and control framework.
Monitor and evaluate emerging risks, operational trends, and external events for potential impact on the control environment in the context of RCSA.
Ensure appropriate connectivity and integration with in-region international risk management teams accountable for line-of-business activities.
Execute applicable risk programs and follow Wells Fargo policies and procedures, including timely escalation and remediation of issues and sound risk decision-making.